Time: 2024-10-26
The second one-fourth net_income season is currently in advancement, with 63 company set to uncover their fiscal consequence for the July-September 2024 time_period today. Among the key company coverage their net_income are YES Bank, ICICI Bank, and IDFC First Bank. Additionally, company such as 3P Land Holdings, Colorchips, Fredun Pharma, Indo Thai Securities, Kedia Construction, Kyati Global Ventures, REC Ltd, Sejal Glass, and others will also announce their quarterly numbers.
ICICI Bank, India's second large private lender, is expect to show an 8-11% addition in its internet interest income for the one-fourth ending September 30, 2024. estimate by five brokerage propose that the NII figure could scope between Rs 19,804 crore and Rs 20,292 crore. The internet net_income for the Lapp time_period is project to be between Rs 10,930 crore and Rs 11,437 crore, screening a 7-11% uptick in comparison.
Yes Bank is also expect to report strong Numbers for the September one-fourth, support by growth in its loan book. The internet interest income for Yes Bank could see a growth between 11% and 23%, range from Rs 2,129 crore to Rs 2,359 crore. Additionally, the internet net_income for the bank may addition by up to 115% to Rs 4,843 crore. projection from JM Financial, Nomura, and Kotak Institutional Equities bespeak positive result for Yes Bank's fiscal performance.
analyst at JM Financial, Nomura, and Kotak Institutional Equities have change appraisal for the fiscal consequence of ICICI Bank and Yes Bank. While JM Financial is bullish on gross and net_income after tax figure for ICICI Bank, Nomura hour_angle the most conservative estimate. On the other hand, Nomura is most optimistic about Yes Bank's internet net_income Numbers, while JM Financial's NII estimate are the high among its peers.
Overall, analyst anticipate some margin pressure for ICICI Bank in the July-September one-fourth, although Kotak belief that the NIM compaction cycle is gradually approach to an end, which is see as a positive development. Nomura, Kotak, and Sharekhan expect a potential decline in pat on a consecutive footing by up to 1%. These projection supply penetration into the expect performance of these finance company in the approaching net_income announcements.
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